Saudi Arabia Dietary Fibers Market, By Raw Material ; By Product ; By Application, Trend Analysis, Competitive Landscape & Forecast, 2022-2028

Saudi Arabia Dietary Fibers Market to Grow at Steady 7.5% CAGR during 2022-2028

Saudi Arabia dietary fibers market is flourishing due to an increasing awareness of the health benefits of dietary fiber, rapid urbanization, and growing consumer preference for natural products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia dietary fibers market size to grow at a steady CAGR of 7.1% during the forecast period between 2022 and 2028. Major factors for expansion of Saudi Arabia dietary fibers market include growing consumption of functional foods, increasing health, wellness and food nutritional value awareness among consumers coupled with incorporating soluble dietary fibers into meals. A paradigm shift from pharmaceutical to nutraceuticals products and a surging demand for fiber-enriched food products are also expected to boost the overall market expansion. In addition, rising prevalence of gastrointestinal disorders along with increasing spending on personal care products by health conscious populace owing lifestyle modification will provide significant growth opportunities for the market during the forecast period. Increasing influence of fortified and functional food products due to high disposable incomes and increasing eating preferences for organic and alternative food products instead of meat products owing to their higher nutritional value will contribute to the industry's growth. However, side-effects pertaining to excess intake of dietary fibers are anticipated to hamper the growth of Saudi Arabia dietary fibers market.

Saudi Arabia Dietary Fibers Market - Overview

Dietary fibers are vital nutrients that aid digestion and regularity of bowel function in both humans and animals. These are indigestible plant-based dietary components. Based on their physical properties, the two basic types of dietary fibers available in the market are soluble and insoluble. These fibers are mostly derived from plants and contain cellulose as well as non-cellulosic carbohydrates. These fibers aid in waste removal within the body, weight maintenance, and the prevention of diabetes and heart disease by lowering blood sugar and cholesterol levels. Dietary fiber is a form of carbohydrate that cannot be digested by bodily enzymes. Dietary fiber that has been partially or completely fermented is transferred to the large intestine and helps to keep the intestines healthy.

Saudi Arabia Dietary Fibers Market - By Raw Material

By raw material, Saudi Arabia dietary fibers market is divided into Fruits & vegetables, Cereals & Grains, Legumes, and Nuts & Seeds segments. The cereals & grains segment is expected to dominate the market since fiber lowers the risk of cardiovascular disorders. The dietary fiber present in oats, flaxseeds, beans, and oat bran aids in the reduction of low-density lipoproteins, lowering overall blood cholesterol levels. Beta-glucan, pentose, and arabinoxylans are some of the primary soluble fibers found in whole grains, such as wheat, rye, and barley; whereas lignin, cellulose, and hemicellulose are derived from grains, such as rice, maize, and wheat bran.

Impact of COVID-19 on Saudi Arabia Dietary Fibers Market

COVID-19 had a detrimental effect on both public health and the various phases of multiple sectors' supply chains, including the dietary fiber market. Implementing efforts to fight the virus's spread exacerbated the problem and hampered the expansion of various economic sectors. Lockdowns across the country have hampered the transportation of raw materials from suppliers. During the pandemic, the temporary closures of industrial units owing to indeterminate lockdowns and temporary quarantines hampered the expansion of the soluble dietary fibers market. Pandemic also had a negative impact on the food and beverages business, affecting the growth of Saudi Arabia dietary fibers market. However, while the pandemic affected supply chain operations, it also produced a demand for healthy living among consumers, resulting in a shift in consumer focus toward nutritional food products.

Impact of Russia-Ukraine conflict on Saudi Arabia Dietary Fibers Market

Saudi Arabia dietary fibers market is adversely affected by the ongoing war between Russia and Ukraine, the world's two largest producers and suppliers of wheat grains. Moreover, further intensity of the war is feared to trigger the global food crisis. According to UN FAO reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Ukraine and Russia also held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021. Since the Russian invasion of Ukraine began on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to the Middle East. It has resulted in a significant rise in food prices. Any further interruption or decrease in wheat supply from Ukraine and Russia is anticipated to affect the growth of Saudi Arabia dietary fibers market.

Competitive Landscape

Saudi Arabia dietary fibers market is highly competitive. Prominent players in the market include IFF Nutrition & Biosciences, Suedzucker, Ingredion Incorporated, Roquette Freres, Kerry Group plc., Nexira, and ADM. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Dietary Fibers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Dietary Fibers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.